India's Kalyan Jewellers up after Q4 profit rises

Kalyan Jewellers India

09/05/2025 09:04

** Shares of Kalyan Jewellers KALN.NS up 2.2% at 523.50 rupees

** Co on Thursday reported 36.3% Y/Y rise in Q4 consol net profit while rev from ops rose 36.6% Y/Y

** Same-store-sales growth during Q4 rose 21% Y/Y

** Co said it saw increased demand in Q4 for wedding purchases

** Brokerage Motilal Oswal ("Buy", TP: 625 rupees) model 26%/21%/29% revenue/EBITDA/PAT CAGR for co during FY25-27

** Avg rating of seven analysts equivalent of "strong buy", median PT is 637.50 rupees - data compiled by LSEG

** Stock down 32% YTD

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))